HAUPPAUGE, N.Y., June 17, 2009 (GLOBE NEWSWIRE) -- Patient Access Solutions, Inc. (Pink Sheets:PASO), a leading provider of healthcare and financial processing solutions for the healthcare, homecare, and dental industries, announced today a strategic partnership with Secure EDI, a healthcare information exchange and technology company. The partnership will allow healthcare providers to process patient registration forms and physician super bills (claims) on D-PAS paper, digitally convert and transfer the forms to the Patient Access Solutions' D-PAS digital pen program and automatically process a patient eligibility transaction and insurance claim, with no data entry, through the PASHealth Web Portal to over 700 different insurance companies at the point of care.
Patient Access Solutions in conjunction with Secure EDI, has developed and instituted a cost effective, state of the art, interoperable web platform for aggregation and integration of the claims process with real-time financial reconciliation to complete the cycle of revenue management for providers across all lines of business. The service enables healthcare providers to reconcile their account receivables; integrate with their practice management system through a secure web-portal, and verify their on-line account statements. Additionally, this new state-of-the-art web portal gives the Patient Access Solutions' healthcare providers access to electronic medical records (EMR), digital form capture, and an expansive real time eligibility switch.
According to Bruce Weitzberg, CEO and President of Patient Access Solutions, "Secure EDI's solutions will be vital to Patient Access Solution's ability to provide healthcare professionals with access to vital information through secure, open-access technology."
"Our innovative platform processes all HIPAA transactions and formats in seconds while offering our users tracking, analytics, and financial reconciliation points which are documented to improve workflow and increase cash flow for healthcare providers, vendors, and insurance plans," stated Joseph Gonzalez, Secure EDI Vice President of Business Development.
About Secure EDI
Secure EDI offers a unique ability for companies to improve their operational efficiencies by harvesting critical data, bridging disparate systems, and providing innovative, lightweight customized solutions to facilitate cost containment. Through its software solutions, electronic infrastructure, automation, and consulting, Secure EDI delivers accurate, cost-effective, real-time analysis and handling of information between branches, suppliers, distributors and customers; primarily in the healthcare and health insurance industries. For more information, visit www.secureedi.com
About Patient Access Solutions, Inc. (www.pashealth.com)
Patient Access Solutions, Inc. (PASHealth) is a Healthcare Solutions company which has created a formidable array of technology, resources and allies to enable it to become an agent of radical change in what has traditionally been a slowly evolving healthcare environment. Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the companies, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include, among other things, the following: general economic and business conditions; competition; unexpected changes in technologies and technological advances; ability to commercialize and manufacture products; results of experimental studies; research and development activities; changes in, or failure to comply with, governmental regulations; and the ability to obtain adequate financing in the future. This information is qualified in its entirety by cautionary statements and risk factors disclosure contained in certain of Patient Access Solutions Inc. Securities and Exchange Commission filings available at http://www.sec.gov.